India continued to lead fintech investments in the Asia-Pacific (APAC) region with $1.93 billion raised across 66 deals in the third quarter of 2021, suggests a note by S&P Global Market Intelligence. At an aggregate level, investments in Asian fintech companies surged 68 per cent sequentially to $5.47 billion in the third quarter, notching …
Indian startups have got record funding in Q3 of CY21, with investment totalling $10.9 billion across 347 deals–the first-time investments in a quarter have crossed the $10 billion mark, as per the PwC India. This was twice the amount of funding received in Q3CY20 and was up about 41% over the Q2CY21 figure, said the findings of …
India has become one of the fastest growing FinTech markets in the world and also ranked the highest globally in the FinTech adoption rate with China. Among important points of Fintech in India we can find the following: The overall transaction value in the Indian FinTech market is estimated to jump from approximately $65 billion in …
According to reports, the existing FinTech firms in India have earned one-third of new revenue at the detriment of traditional banks. Also, there are various sectors in the Indian FinTech scope, giving clarifications in distinct financial areas such as digital payments, wealth management, insurance, peer-to-peer lending et cetera. Apart from the payments business, to which …
Today we publish our 2nd quarterly research. We hope everyone will be enjoying reading about Brazil, Mexico, Chile, Costa Rica, Venezuela, El Salvador, Cameroon, Ethiopia, India, China, Israel, Bangladesh and Lebanon. In the research the readers can find a short overview on the Fintech field in those markets. EXPALUX 2nd QUARTERLY RESEARCH
Recently, India was hit by the second wave of the pandemic that caused many problems in the country. However, it is interesting to note that in the lending sector there was not a great impact. A survey conducted by the Fintech Association for Consumer Empowerment (FACE) of more than 100 members revealed that 56.3 percent …
Indian Fintech Fusion Microfinance — a small loans provider ranging from Rs10,000 ($136) to Rs60,000 ($816) over one to two years targeting poor women in India, has seen an explosion in growth in recent years as microfinance gains traction and acceptance. In fact, the proportion of outstanding loans in the third quarter of 2020 rose …
Fintech in India is being reported as the fastest-growing tech sector, since according to the Deloitte’s report, aggregated revenue of the top 10 Fintech firms has jumped from ₹21 crore to just under ₹400 crore, recording a growth of about 20x between 2018-2020. Fintech companies in India have also grown a staggering 13x to 70x …
Micro, small and medium sized enterprises are contributing a great deal towards the progress of the Indian economy. MSMEs provide employment opportunities to more 100 million people, and moreover contribute to 28.77% to the GDP, it has nearly 40% contribution towards the exports, and close to 45% in industrial inputs. So, there is a need …
The economy impact of the COVID pandemic in India is no different than other countries, as according to the Indian Ministry of Statistics (2020), India’s GDP growth slowed to 3.1% in the fourth quarter of 2020, different from fiscal year 2019 when the Indian economy had grown by 6.1% (Onmanorama, 2020). This led to a …